On-the-Job education is one of the best ways to enhance your career. It can provide you with valuable knowledge, skills, and experience that will set you apart from other candidates in a competitive job market. With the right educational program, you can gain an advantage over competitors and increase your...
Do you ever feel like the time is just slipping away and your dreams are slowly fading? You’re not alone Often, we want to turn our dreams into reality but don't quite know how or where to start. The truth is, it doesn’t have to be so difficult and there...
As organizations and individuals face unprecedented challenges due to the constantly evolving business landscape, with new technologies and global challenges shaping the way organizations operate, the need for continuous learning and development, to match the skills and competences of the workforce to the emerging challenges cannot be over-emphasized. In this post,...
According to Johnny Carson "Talent (or qualifications) alone won’t make you a success. Neither will being in the right place at the right time, unless you are ready." This rings true even today, as possessing essential traits is crucial for success in both work and life. While qualifications and training...
This little illustration, from habit 7 of Stephen R. Covey’s “7 Habits of Highly Effective People” demonstrates the necessity of self-renewal in ensuring one’s capacity to remain effective. In his words, “this is the single most powerful investment we can ever make in life – in the only instrument we...
In our preceding discussions on operations management, we focused on the crucial issues of efficiency and cost. In this post, we will explore the equally important aspect of quality management. It is widely recognized that successful business operations require effective management of all three elements - Efficiency, Cost, and Quality...
Gartner finance glossary defines cost management as the process of planning and controlling the costs associated with running a business. It includes collecting, analyzing, and reporting cost information to more effectively budget, forecast and monitor costs. Cost in operations management or operational cost, refers to the monetary value associated with...
Operations management rests on three tripods - efficiency, cost, and quality. In this post, we will look at efficiency, its role and importance in operations management and explore some practical tips and strategies organizations can use to improve efficiency in the management of its operations. In subsequent posts in this...
